We show that there exists a time-independent tax rule that guides polluting oligopolists to achieve the socially optimum production path. |
The problem with this expanded property creation scheme, he suggests, is that the property being created is gobbled up by a few rapacious oligopolists. |
I conjectured that this might not be so in a world of Rothschild's oligopolists acting according to Clausewitz's Principles of War. |
The Cournot output-setting model requires relatively few oligopolists to achieve close to the competitive output. |
But the oligopolists of culture are running out of alternatives. |
We derive corrective tax rules when firms are oligopolists whose production processes generate emissions that add to a stock of pollution that accumulates over time. |